Coinseed

Coinseed is a micro-investment and portfolio management platform that allows users to invest their spare change in cryptocurrency and copy other users’ portfolios.

How it works:

All users have to do is to connect their credit card to the platform and pick a cryptocurrency portfolio they want to invest in. The rest the platform does by itself.

The system collects spare change from everyday purchases, rounding it up to the next dollar. The spare change goes to the user’s account and then is invested in a cryptocurrency, according to its percentage in the portfolio.

Currently the platform supports 8 cryptocurrencies: Bitcoin,

Ethereum, Bitcoin Cash, Dash, Ripple, Monero, Litecoin and ZCash. They plan on adding more of them every month to enhance users’ investment possibilities.

Users’ portfolios are listed on the platform with the returns mentioned. This encourages other users to change their portfolios to the most efficient ones. Given that cryptocurrencies are volatile, the most efficient portfolio will be changing from time to time. This means, there will be a lot of changes to one’s portfolio, which will bring revenue to the platform, as it charges 1% of the portfolio every time a transaction is made.

Coinseed has already launched and has over 1,000 paying users without any marketing campaign. They do not set a soft cap, as the platform will continue to develop regardless of the ICO results. The only thing they need it for is to make the process faster.

However, they do make it worthwhile to invest in the project.

Innovation:

The idea of a micro-investment app is not new. However, Coinseed adds a new and interesting feature to it, so it deserves a medium mark in the innovation category.

Innovation score: Medium

Token value:

The most interesting thing in this ICO campaign is the sharing of revenue among the token holders. The company will distribute a staggering 50% of their monthly income from portfolio changing fees equally among all token holders.

This is way more than the average percent that companies are willing to give to the token holders. And it doesn’t have a minimum amount of tokens one has to have in order to participate in the distribution.

Token value score: High

White paper:

The white paper Coinseed presents shows a market analysis putting an emphasis on the target audience and offers their own solutions to the problems this market faces. It also explains the concept in a very easy language and talks about their business model briefly.

White paper score: Medium

Roadmap:

Coinseed platform has been officially launched and can be downloaded on iOS and Android. Within the first twelve days the app has acquired over a thousand paying users. They haven’t even put any paid marketing in action to achieve that.

The team plans to integrate debit cards in they system in May 2018. The revenue distribution program starts in May too. In June 2018 the team plans to introduce a solution for enterprises and will start automated bot trading in August of the same year.

Roadmap score: Medium

Business model:

Coinseed plans to target millenials, a group that constitutes more than a quarter of US population. They base their decision on the survey suggesting that a large percentage of the group is interested in or at least open to the idea of investing in Bitcoin. However, they lack expertise and big amounts of money to invest, as they are mostly under 25.

This open opportunity is supported by the fact that a thousand of active users has joined Coinseed in twelve days from the app release. It shows a great interest in the product.

The revenue model of the platform is charging 1% fee for each portfolio conversion. Users will be incentivized to change it. A half of the profits from this revenue stream goes to token holders.

Presumably the company has other revenue streams, as they speak about introducing an enterprise solution, but they do not detail them as much. It presents little interest to the token holders, however, since they would not be included in the distribution of this revenue.

Business model score: High

Team:

The team Coinseed has is top notch. Their CEO has already co-founded two startups and currently runs the first Ethereum only online shop.

The company’s CFO has held positions on Wall Street and later consulted Uber, Amazon and Snapchat on the issues of big data.

The back-end developer has worked at Microsoft and Yext.

The advisory board is impressive as well. It has a game theorist, an investment banker, a blockchain specialist, a financial advisor, and a legal advisor with experience in consulting ICOs.

In terms of the team, Coinseed has it covered.

Team score: High

Competitors:

The possible competition for Coinseed are other micro-investment platforms like Acorns or MYLO and an app that deals with cryptocurrency investment, Coinflash. Coinseed has a wider variety of cryptocurrencies to invest in and the portfolio copying feature that Coinflash does not provide.

Competitors score: Medium

Overall thoughts:

Coinseed has a team of highly professional people, a simple, yet effective concept and has been already proven to work and attract users. With CSD tokens giving holders the right to share half the company’s revenue, investing in them is the only right thing to do.